Port St. Lucie City Council marks decade of millage rate cuts
Published on September 23, 2025
For the 10th consecutive year, the Port St. Lucie City Council has adopted a budget that reduces the property tax (millage) rate for residents, cutting the rate even further than originally proposed in July.
The City Council approved the Fiscal Year 2025-26 budget on Sept. 22, cutting the millage rate to 4.9750 from 5.0550.
The millage rate, which is the rate of tax per $1,000 of taxable property value, has been reduced 25% since FY 2015-16 when it was 6.6289. As a result, Port St. Lucie remains the third lowest millage rate among Florida’s largest cities.
“Our City Council has made it a priority to keep city taxes low while still delivering high-quality services,” said Mayor Shannon Martin. “It’s important for residents to know that the City only controls two-line items on their overall 15-line tax bill. This budget reflects our commitment to being fiscally responsible, efficient, and effective, with a clear focus on fulfilling the needs of our residents.”
Over the past decade, the City of Port St. Lucie has demonstrated its dedication to being a high-quality, efficient government organization that delivers value to residents. In that time, the City has steadily lowered the tax rate year after year, reduced its debt by $400 million and improved its bond rating – all while experiencing unprecedented growth.
More than 50,000 people moved to the City since 2020, a population increase that has required investments in critical road, water, drainage and public safety. The City has taken a data-driven approach to ensuring resources are allocated where they have the greatest impact, including substantial input from residents to determine their spending priorities.
The adopted budget, which begins Oct. 1, includes a total of $869.8 million for the City’s operating and capital funds.
To learn more about the City of Port St. Lucie’s budget, visit cityofpsl.com/budget. This page includes a Tax Receipt Tool that allows residents to see exactly how their city tax dollars are allocated.